"Clearly, we would not issue less than $3 billion, at least those are our plans," Storchak said in an interview with the CNBC channel.
The deputy minister did not name the exact figure, stressing that this will depend on the state of the Russian economy and the federal budget at the time.
Total bids for Russian bonds topped $7 billion in May and $7.5 billion in September, while the Russian Finance Ministry limited total bids to a maximum of $3 billion.
Russia last borrowed from foreign creditors in September 2013, when $6 billion worth of bonds were issued. Access to the international bond market was complicated by the Ukrainian crisis in 2014 and the introduction of anti-Russia sanctions by the United States and the European Union and some other countries.